Mattress Mac McInVale has publically stated he will wager from $2 - $4 million on Essential Quality to win the Kentucky Derby Sat. The bet is in connection with a promise to make mattress purchases free if EQ wins the Derby. Such is the reality of a promoter.
So if Mac is hedging his mattress promotion it stands to reason he will also hedge the $2+M win bet, albeit not publically. Looking to lose as little of it as possible. What would be the preferred hedge strategy of his accountants?
Secondly, given that he is planning to place the win bet on-site @ CD and reportedly won't bet early and cause a 1/9 flash what effect is this likely to have on the AI syndicates?
Where and what opportunities, if any, are potentialities? ...other than a free mattress.
Oh never mind, keeping it simple I wasn't going to bet EQ to win anyway.
